Chinese stocks are surging

Dan Kitwood/Getty Images

It appears that Chinese regulators, having thrown everything bar the kitchen sink at the nation’s stock market to stem its losses, have finally got their way.

Chinese markets are surging this afternoon.

The benchmark Shanghai Composite index is currently up more than 5% with the Shanghai stock exchange 50 index, comprising the 50 largest firms listed on the exchange, up by close to 6%.

The gains are being replicated across other Chinese indices with the Shenzhen Composite, ChiNext, CSI 300 and CSI 500 indices all up by more than 3%.

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